Su Zhu: Some of the $16 Billion Distributed to FTX Creditors May Return to Markets

On September 29th, Su Zhu, the former founder of Three Arrows Capital, commented on “FTX Expected to Distribute $16 Billion to Creditors in Q4,” saying that even if the funds don't make it all the way back into the crypto market, it's still a big number and could hint at boosting the market.

Previously, FTX's return of $11 to $16 billion to creditors in the fourth quarter of 2024 could provide a major boost to the cryptocurrency market, especially Bitcoin, SOL and Solana network cryptocurrencies. While the exact date is unclear, FTX has proposed that the distribution will occur within 60 days of the effective date of the reorganization plan. The next hearing on the reorganization plan is scheduled for October 7th. If approved, FTX will have 60 days to distribute its assets to creditors, meaning the returned cash will reach previous cryptocurrency buyers sometime before December 7th.